globalbizmag.com
The secondary market dominated the emirate’s real estate sector in the first quarter. With a total of 20,539 sales transactions valued at Dh55.5 billion, the emirate’s rising real estate market had its highest quarter since 2010.
Large numbers of European investors are taking opportunities to snap up ready properties in Dubai. Property investors from the United Kingdom, Italy, and France dominated the top-10 list of foreign investors in Dubai in the first quarter.
Buyers from India and Pakistan made important investments in Dubai actual property in the course of the quarter, which caused a huge enhance in Canadian traders and patrons. Buyers from Russia, Lebanon, and China had been among the many different three nationalities within the top-ten checklist.
Investors primarily from Germany, UK, Italy, and France are buying ready properties in the luxury segment as soon as they are available, especially in popular areas such as Palm Jumeirah, Dubai Marina, Dubai Creek, and Downtown.
In Q1 2022, the overall quarterly index for sales recorded 1.251-point increase and an index price of $322,941 (Dh1,186,002). The apartments quarterly index posted 1.26-point hike with $290,642 (Dh1,067,385) index price while the villas or townhouses quarterly index registered 1.234-point rise and an index price of over $570,000 (Dh2,094,633).
According to full-service real estate agency Metropolitan Premium Properties (MPP), European client base has increased 20 percent in Q1 2022, compared to the same period last year.
In March, Dubai real estate had 8,399 sales transactions worth over $5bln (Dh22.58bln), indicating the highest sales deals in the past seven years. This is an 83% increase in total sales transactions compared to March 2021 and a 109% increase in sales value. About 60.16% of total sales in March were for secondary or ready properties.
According to Zoom Property Insights, investors from other regions of the globe are also expected to enter the market. Experts says that 2022 will end on a higher note due to the increasing prices and demand.
Ghada Ashour, who grew up in Gaza, becomes fifth scholar selected for FIA’s flagship scholarship initiative Dubai, UAE, 8th December, 2025: The FIA’s United Against Online Abuse (UAOA) Campaign has welcomed Ghada Ashour, a 24-year-old student from Palestine, to its flagship scholarship programme, created to empower the next generation of researchers in the fight against online abuse in sport. Ghada grew up in Gaza where she has been studying remotely until gaining her place on the UAOA scholarship, which brought her to Dublin City University (DCU), Ireland. Becoming the fifth scholar to join the scholarship, she was selected based on her interests in social media, and her strong passion for advancing insights in this area for the benefit of everyone participating in sport. Launched in 2023, the programme offers talented students and young professionals from diverse backgrounds the opportunity to engage in cutting-edge research on the impact, prevalence, and prevention of online abuse in sport with a focus on developing practical solutions. Funded by the FIA Foundation, the UAOA scholars have been selected to undertake invaluable research at DCU based on their project proposals, dedication to achieving positive social change, and their unique perspectives approaching this issue. Ghada’s thesis, which will be printed in English and translated into Arabic, will focus specifically on the …
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